Mystiko Network (XZK), which made its second airdrop, faced insider trading allegations.
According to allegations from community members, Mystiko Network is suspected of massive insider trading in its 2nd airdrop.
The community claims that two addresses received significantly more tokens in the airdrop than most other participants, while wallet “0xBca” and wallet “oxda8” received more XZK.
The community noted that the “0xBca” wallet received 59,570 XZK ($1,787) and the “oxda8” wallet received 60,325
The community also added that another common feature of these wallets that received large amounts of airdrops was that they received transaction fees from OKX or Bybit exchanges one day after receiving the XZK tokens.
Community members demand that these claims be investigated in detail and that who controls the suspicious addresses “0xBca” and “oxda8” be revealed.
In response to insider allegations, the Mystiko Network team released a statement from X, saying they would investigate the confirmation:
“Transparency and community trust are paramount at Mystiko Network. We have recently become aware of allegations regarding certain transactions involving our tokens. Here is our response:
1. Mystiko was alerted to these allegations and immediately launched an internal investigation.
….”
Following these allegations, there was a decrease in the price of XZK. XZK, which has fallen 10% in the last 24 hours, continues to trade at $ 0.035.
At Mystiko Network, transparency and community trust are paramount. We were recently made aware of allegations regarding certain transactions involving our tokens. Here's our response:
1. Mystiko was alerted to these allegations and immediately launched an internal…
— Mystiko.Network (@MystikoNetwork) July 25, 2024
*This is not investment advice.
